“Tumultuous economic conditions”: 91% of SMEs feeling the cost pinch
The rising cost of doing business is attributed to wage pressures, the cost of goods and services, and cash flow management, the study highlighted.
Inflation has peaked, but interest rate rises are still likely
Inflation is likely to keep easing as both the “headline” and “trimmed mean” measures are heading in the right direction.
The AFR, a serial denier of profit-driven inflation, has raised its price by 25%
Those few people who duck into their newsagents and buy a copy of the AFR may have noticed the paper now costs $5, up from $4.50 in 2022, which had been increased after a long period of costing $4.
How to build customer loyalty in an inflationary economy
When it comes to tests of loyalty — it’s great products and great services that will hold up. This means listening to the needs and concerns of your customers, communicating openly, and being transparent about any changes or challenges your business may face.
eBook: The Small and Medium Business Efficiency Toolkit
Download this toolkit for practical tips and tools to help you forge your own path and turn uncertainty into opportunity.
Peter Strong: What can small businesses do about inflation?
Minor inflation can be a useful thing as it tends to slow rises in both the cost of goods and wages, making the economy all very manageable. But runaway inflation is diabolical.
